mPOS Payment Gateway

Many
transactions involving small (or micro) merchants, often outside a physical
retail store, still take place using cash rather than credit or debit cards.
For acquirers, this is a very large market to address with card-based
acceptance solutions.

For many
years, traditional Point-of-Sale (POS) terminals have been rejected by micro
merchants on the basis of their high cost, long term contractual commitments
and restrictive user interfaces. Today there is a clear move in the payments
industry to adopt Mobile Point-of-Sale (mPOS) technology to either replace or
complement traditional POS terminals.

Merchants
that have never accepted card payments and previously operated on a cash basis
are turning to mPOS to increase their sales and expand their customer base.
Existing large retailers are also adopting mPOS solutions and integrating them
into their current Electronic Cash Register (ECR) environment to enhance the
retail and payment experience.